In the review period, the company incurred net loss of Rs 5.6 million compared to net profit of Rs 49.2 million of the corresponding period of the last FY.
Decrease in net interest income and increase in NPL can be attributed to the occurrence of the loss.
In the review period, its net interest income decreased by 27.92 percent and net fee and commission income by 30.07 percent.
The company logged operating loss of Rs 5.6 million. During the period, it has distributable profit of Rs 6.1 million. Meanwhile, it NPL increased to 10.58 percent from 4.72 percent resulting impairment charge of Rs 25.8 million.
The company has paid-up capital of Rs 367.1 million and reserve fund of Rs 175.3 million. The company collected deposit and borrowing of Rs 4.53 billion and extended loans of Rs 4.81 billion.
The company maintained LPS of Rs 2.07 and net worth per share of Rs 141.39.
